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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Another online letting agency is seeking funds for expansion

A company which already runs a student accommodation lettings service online is to expand and open a general online lettings agency in the near future -...

New warning about Airbnb hosts breaching lease terms

A legal firm has added its weight to the warning that many Airbnb hosts could be, by accident or design, breaching the terms of their leases.   Nicole...

ARLA reminds agents about Register My Appliance safety scheme

The Association of Residential Letting Agents says agents should remember that a ‘Register My Appliance’ scheme has been set up to enhance safety in the rental...

Well done! Agency's new manager is product of apprentice scheme

London agency Ludlowthompson has just appointed the first manager to emerge from the company’s apprenticeship scheme.    Launched in 2011, the scheme now has 15 apprentices working across...

TV advert being prepared to show importance of using letting agents

The Association of Residential Letting Agents has started work on a TV advertisement to highlight the importance of landlords instructing agents. The campaign, which is likely to...

Trade body wants rent records info added to tenants' credit scores

Rent payments should be included when calculating credit scores to support tenants wanting to buy a home of their own, says the Residential Landlords Association.   Of a...

Some landlords beginning to quit buy to let, insists leading agency

Belvoir is warning that some buy to let investors are quitting the sector.   “Although we are not currently seeing a huge exit of landlords from the market...

Rents down but demand up - is London's lettings market stabilising?

Foxtons reports that average rents continued to fall across many parts of the capital in the second quarter of this year, although demand for rental properties...

Councils uses dawn raids in clampdown on sublets and beds in sheds

A London council is using dawn raids in its clampdown on illegal subletting and on so-called ‘beds in sheds’ where tenants are kept in overcrowded conditions.   A...

League table claims student accommodation gives up to 12% yield

A league table drawn up by a rental sector insurance specialist claims private rental accommodation in university locations can produce yields up to 12 per cent...

Buy to let mortgage costs drop again as lenders compete for business

A new snapshot of the buy to let mortgage market suggests costs have dropped further over the past three months as lenders compete for customers.   New figures...

Agency scores big by opening new lettings department

Allsopp & Allsopp, an agency operating across Warwickshire, has launched a lettings division and has immediately scored big thanks to its involvement with Coventry City football...

Another buy to let lender changes rules ahead of Bank deadline

Skipton is the latest lender to confirm that it will continue lending to so-called portfolio landlords after new Bank of England rules kick in on September...

Council working with HMRC to expose tax-evading private landlords

A council claims that up to 13,000 private landlords are “of interest” to HM Revenue and Customs, where there are alleged discrepancies between council records and...

Big surge in complaints over property management and deposits

The Property Redress Scheme, one of three approved redress operations, says it saw a 33 per cent increase in membership in 2016 and a 40 per...

Academic alleges massive tax evasion across private rental sector

An economics academic says the country’s taxpayers should be “very angry” with the government for failing to collect taxes to which they are entitled from the...

Trade body to monitor rise and rise of Airbnb-style short lets

The Residential Landlords’ Association, which last autumn published important statistics on the spread of short lets within London, is now looking to update its research on...

Humberts launches fixed-fee online-only lettings option

Humberts has launched an online-only lettings option for landlords with a PropTech firm which has previously operated a service described as ‘cutting out letting agents.’   Humberts Lettings...

Countrywide says falling supply is pushing up rents in many areas

The annual rate of rental growth across Britain doubled between June and July driven by a turnaround in the London market, according to data from Countrywide. The...

Nationwide profits dive thanks to clampdown on buy to let

  Nationwide - the UK's second largest buy to let lender - has reported a 20 per cent drop in profits and admits its share of the mortgage market...

Fifth of landlords to sell one or more units this year, trade body says

A survey of almost 3,000 landlords suggests more than one in five plans to sell at least one of their investment properties in the coming year...

Agents told to ensure they recognise and report modern-day slavery

The UK Association of Letting Agents is putting out an appeal to the agency industry to ensure it is not accidentally complicit in modern day slavery.   It...

The Agent's Cafe - A skinny latte and a student flatshare please...

Planning permission has been granted for a hybrid letting agency and a café bar to be installed - together - in a listed building in Leeds...

More overseas action against Airbnb and short-lets: is UK next?

The international backlash against Airbnb and similar short-let online platforms continues.    Earlier this week a video being shown on cable TV in the New York area suggested such short-let...

We've got mews for you - if you can pay £4,250 a week in rent

The agent behind London’s newest letting opportunity says it’s the most luxurious property in the capital’s most presigious neighbourhood - and it certainly looks like it’s...

£50m raised by innovative bond from property investment platform

Property investment platform LendInvest has raised £50m thanks to the over-subscription of its first retail bond, launched on the London Stock Exchange. The bond is the first...

Pressure group urges £5,000 cap on energy efficiency rental work

An energy efficiency lobbying group says it backs new government energy efficiency guidelines to improve 300,000 private rented homes - but it says there should be...

Council private rental sector licensing offering 50% discounts

Redbridge council in London is offering 50 per cent off the cost of its private rental sector licensing scheme until September 13.   The different licensing regimes operating...

NatWest overhauls buy to let mortgage offer ahead of rules change

NatWest Intermediary Solutions has announced a major overhaul of its buy to let mortgage offer, but it is bucking the trend of some other lenders.   As with...

Online firm's survey makes sombre reading for agents and landlords

The results of a survey of 2,000 people conducted by an online letting agency appear to make sombre reading for letting agents and the rest of...

Tenant's mammoth dispute with agency over fees and redress

A former tenant is the subject of a major investigation by a London newspaper after she claimed to have spent eight months attempting to get fees...

Sequence UK firm snaps up another independent agency

William H Brown, part of Sequence UK, has revealed it has snapped up another small independent - just days after its previous acquisition.   Its latest purchase is...

Shock US video claims Airbnb and short-lets 'enable terrorists'

If you think Airbnb and similar platforms have received a rough ride from some UK letting agencies and the hospitality industry, you should see what the...

Ex-Countrywide chief invests in 'zero deposits' firm linked to ZPG

Former Countrywide chief executive and chairman Grenville Turner is one of a number of high profile new investors unveiled for Zero Deposit, a deposit replacement product.   Zero...

Letting agents - blog claims they're tricksters, liars, con-merchants

A no-holds-barred blog on a controversial website claims that it lifts the lid on being a letting agent in central London - but it was written...

Confidence ebbing away in private rental sector, says trade body

Buy to let investors are losing confidence in their ability to rely on steady rental yields, according to recent figures from the National Landlords Association.   Figures show...

Agency now offering Airbnb 'design' service as well as management

A lettings agency that already operates an Airbnb management service has now launched an additional ‘interior styling service’ for landlords who want to short-let their properties. The...

Another major Buy To Let lender tightens portfolio landlord rules

Leeds Building Society is the latest major lender to reveal changes to buy to let lending ahead of new rules coming into force next month.   In line...

LSL's new PRSim brand makes pitch for Build To Rent business

LSL Property Services has unveiled PRSim, its new brand offering services to the burgeoning Build To Rent sector.   PRSim offers “data, consultancy and operational management solution, underpinned by...

Rents on the rise again after recent falls, says HomeLet

Rents are gently rising again after some months of small dips according to HomeLet.    It says the average new tenancy signed during July cost £925 compared to...

Council to have star-rating system for all letting agencies in its area

Newham council is to set up the UK’s first letting agents rating scheme to protect residents and landlords from rogue agents.   The authority has approved plans to...

Politician says £10m tax may be avoided via short lets in one city alone

Green Party politician Andy Wightman claims that £10.6m in taxes are being avoided this year due to the boom in private homes being let out as...

Almost 81,000 Build To Rent units in England completed or planned

New government figures reveal that there are 80,855 Built To Rent homes either completed or planned.    It says investment in this element of private rented sector could...

Lettings transaction platform Goodlord moves into rent protection

Lettings transaction platform Goodlord is branching into rent protection with a product that can be integrated into the company’s app.   “Agents can protect their income and landlords’...

Surge in ex-pats investing in UK buy to let, says lender

Specialist mortgage lender Skipton International says it has received over £500m of expat mortgage enquiries for UK buy to let property in the first seven months...

Another buy to let lender gets strict ahead of 'portfolio' rules change

The Coventry building society is the latest buy to let lender to tighten its portfolio buy to let criteria ahead of new Prudential Regulation Authority rules coming...

Lettings demand to stay high as '30% of tenants plan never to buy'

New data from a survey of tenants suggests demand for the private rental sector looks set to be high for the indefinite future.   That’s because almost 30...

Ex-Countrywide director aims to treble agency's lettings book

Haslams, a prominent agency in the Reading area, has appointed ex-Countrywide figure Martin Hembra as director of lettings.   Hembra has over 20 years agency experience including 17...

Agents invited to courses on new lettings energy requirements

Training organisation Solvo Vir is inviting letting agents and landlords to attend courses to bring them up to date with new Minimum Energy Efficiency Standard regulations.   Under...

Ex-Foxtons man snapped up by agency for London and Home Counties

Knight Frank has recruited Neil Cunningham to become head of South West London and Home Counties lettings, overseeing the performance of offices across both regions.    Cunningham spent...

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